BENGALURU: TCS had a strong double-digit revenue growth in the first quarter – 15.5% in constant currency. In an exclusive interaction with TOI, CEO & MD Rajesh Gopinathan said the growth is giving the company the comfort needed to undertake long-term structural changes, including a major initiative to position TCS as a growth & transformation partner to global customers, and not just a cost optimisation partner. Excerpts:
You had a mid-teens growth rate in the June quarter. That looks good, but the stock market seems to have expected more.
Internally, we’re quite happy with it. Anything in double-digits is structurally sound for us. The retention is high, people are happy, there are growth opportunities for people internally, and we are able to continuously add to the bottom of the pyramid, hire freshers, and they also see visibility for growth. That’s what I mean by saying structurally sound. If you start getting down below 10%, your overall pyramid structure goes for a toss, and impacts your ability to maintain your talent by giving promotions, meet their aspirations.
